HSBC Insurance Brokers Limited announced that it has established a branch office and received regulatory approval from the Qatar Financial Center (QFC) Authority to provide insurance broking services to corporate customers within The State of Qatar.
Steve Bonynge, Managing Director HSBC Insurance Brokers (Middle East), noted: “Qatar is an important and growing Insurance market and we are delighted to be joining the QFC. We look to contribute to the development and growth of the Qatar Insurance Market by bringing over 30 years of experience within the Middle East as well as our International technical capabilities and resources for the benefit of the Qatar business community.”
Stuart Pearce, CEO and General Director QFC Authority, added: “The QFC has attracted a wide range of local, regional and international financial institutions, largely because of its world class legal and business environment together with the undeniable opportunities for firms to bring new capacity into Qatar’s growing financial services sector, as well as to the region as a whole. We see insurance and reinsurance as key growth areas for Qatar offering high potential to firms such as HSBC Insurance Brokers, who will play an important role in deepening the sector and contributing to the economy.”
The bulletin also indicated the newly opened branch in Qatar is the latest in HSBC’s expansion plans within the Middle East region. It presently provides insurance broking and consultancy services across the region from offices within The Kingdom of Saudi Arabia and the United Arab Emirates.
Source: HSBC Insurance Brokers – www.hsbc.com/insurance
Topics Agencies
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